Articles
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1 week ago |
bbc.com | Lucy Hooker
Reeves outlines plan for £25bn pension 'megafunds'Lucy HookerGetty ImagesThe government has fleshed out its plans for reforming the UK pension industry, including the creation of £25bn "megafunds" which will be instructed to make a portion of their investments locally to help fuel economic growth. The chancellor said the overhaul, designed to follow the example of Australia and Canada's huge pension investment funds, would also boost people's pension pots.
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1 week ago |
yahoo.com | Lucy Hooker
Tens of thousands of energy customers are set to receive payouts of up to £1,000 each, and could see debts written off, in response to the scandal over the forced fitting of prepayment meters. Energy companies are paying out more £70m in compensation and financial support to customers. It follows a review by the regulator, Ofgem, of the way suppliers switched often vulnerable customers to paying upfront, without their agreement, after they fell behind with their bills.
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1 week ago |
bbc.com | Lucy Hooker
Alan Bates's 'kangaroo court' claims deniedLucy HookerPhoto by ANDY RAIN/EPA-EFE/REX/ShutterstockCompensation for sub-postmasters is not being decided by a "kangaroo court", the body overseeing the payouts has said, pushing back against allegations made by Sir Alan Bates. Sir Alan, who led the campaign for justice, said he had been made a "take it or leave it" offer that was less than half the amount he was claiming.
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3 weeks ago |
bbc.com | Lucy Hooker |Imran Rahman-Jones
Co-op says shelves to be more fully stocked this weekendLucy Hooker & Imran Rahman-JonesBusiness & technology reportersBBCShoppers have found some empty shelves over the past few weeksCo-op customers should see stocks on shelves start to return to more normal levels this weekend, the company said, after it announced it was switching its online ordering system for suppliers back on after a cyber-attack.
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3 weeks ago |
aol.com | Tom Gerken |Lucy Hooker
The firm told the BBC it had restricted internet access in its stores following an attempted cyber attack.
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